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The Ministry of Commerce reveals that the exercise of FTA rights in January jumped to a total of $ 5,399.38 million, AFTA saw the highest increase of $ 2,081.46 million, pushing exports to grow continuously. amid the global economic crisis
Ron Ron Poonphiphat, Director General of the Department of Foreign Trade. Ministry of Commercedisclose that the use of commercial privileges forExportunderfree trade agreement (FTA) in January 2023, there are 12 issues with a total value of $5,399.38 million, with a high exercise ratio of 71.79%.
Important products with High exercise value in many frameworks, including vehicles for transporting goods with a total vehicle weight of not more than 5 tons (ASEAN framework), cassava, synthetic rubber products mixed with natural rubber, fresh durian ( ASEAN-China framework), cars and other vehicles. (with diesel engine) or semi-diesel) and passenger vehicles with a cylinder capacity exceeding 2,500 cubic cm (Thai-Australian frame)
In this regard, the top 5 FTA frameworks with the highest exercise value are:
- The first place is the ASEAN Free Trade Agreement (AFTA). (worth $2,081.46 million), with an exercise ratio of 68.74%, with a high exercise value of important products and the expansion of the use of rights such as motor vehicles for transporting goods (Weighing less than 5 tons), sugar, vehicles for passenger transport (1,500-3,000 cc), and petroleum and mineral oils. Other bituminous
For countries that have the right to export in
- Indonesia is the most valuable, at $618.32 million.
- Malaysia worth $508.66 million
- Vietnam worth $428.99 million
- Philippines, $317.12 million
- 2nd place ASEAN-China Free Trade Agreement (ACFTA) (worth $1,208.83 million), with an exercise ratio of 78.53%. Important products with high exercise value and exercise expansion are cassava, synthetic rubber products mixed with natural rubber, fresh durian and other fresh fruits (longan, lychee, rambutan, etc.) and starch made from cassava .
- 3rd Thailand-Australia Free Trade Agreement (TAFTA) (worth $ 487.23 million) with the exercise ratio of 72.97% Important products with high exercise value and expanding exercise such as cars and other vehicles (with diesel engine) or semi-diesel passenger vehicles) of 2,500 cc or more and 1,000 -1,500 cc and flavored tuna
- 4th place Japan-Thailand Economic Partnership Agreement (JTEPA) ($487.12 million worth), with an exercise ratio of 75.05% Important products with high exercise value and exercise expansion are flavored chicken meat and chicken offal. frozen chicken meat Dextrin and modified starch and plastic bags and sacks
- 5th ASEAN-India Free Trade Agreement (AIFTA) ($400.37 million), with a licensing interest of 70.65% Key products with high licensing value and licensing expansion include other organic compounds, wire, copper, vinyl chloride polymers or halogenated olefins. in a primary manner
In addition, the right to under other framework agreements, including
- The ASEAN-Korea Free Trade Agreement (AKFTA) ($276.92 million) has an exercise ratio of 62.92%.
- ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) exports to Australia ($246.23 million) have an exercise ratio of 36.88%.
For the RCEP agreement, exports to nine countries are Japan, China, Korea, Australia, Singapore, New Zealand, Malaysia, Vietnam and Indonesia. With a total exercise value of $ 97.04 million, an increase of 1,039% compared to January 2022, when the RCEP agreement began to be enforced, with important export products under the RCEP agreement such as lubricants. cassava strips Canned tuna, spark plugs, flocks, textile powder and milnaps.
The application of the above benefits is based on information under 12 FTAs out of 14 existing agreements, namely:
- Asian Free Trade Area (AFTA)
- Thailand-Australia Free Trade Agreement (TAFTA)
- Agreement to Establish the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA)
- Thailand-Japan Economic Partnership Agreement (JTEPA)
- ASEAN-Japan Economic Partnership Agreement (AJCEP)
- ASEAN-China Free Trade Agreement (ACFTA)
- ASEAN-Republic of Korea Free Trade Agreement (AKFTA)
- Thailand-Chile Free Trade Agreement (TCFTA)
- Thailand-Peru Closer Economic Partnership Agreement (TPCEP)
- Thailand-India Free Trade Agreement (TIFTA)
- ASEAN-India Free Trade Agreement (AIFTA)
Including the RCEP Agreement, which is Thailand’s latest agreement which entered into force on January 1, 2022, is now in force with almost all trading partners. The above information does not include the ASEAN-Hong Kong Free Trade Agreement. that the import duty is zero on all items and the Thailand-New Zealand Closer Economic Partnership Agreement (TNZCEP), which uses an exporter self-certification system. (self declaration)
